Profits at DMG Media fall 20% due to impact of Covid-19

The level of competitor investment and further decline of print media in favour of digital were highlighted by the company

19th July, 2021
Profits at DMG Media fall 20% due to impact of Covid-19
Accounts for DMG Media Ireland, which operates the Daily Mail brands in Ireland, show the newspaper group recorded a 41 per cent fall in pre-tax profits to just over €1.3 million for its 2020 financial year. Picture: Rollingnews.ie

DMG Media, which operates the Daily Mail brands in Ireland, recorded a doubled-digit fall in profits last year.

Accounts recently filed for DMG Media Ireland show the newspaper group recorded a 41 per cent fall in pre-tax profits to just over €1.3 million for its 2020 financial year.

Turnover for the year slumped 26 per cent, of €5 million, to just under €15 million with DMG Media Ireland stating the “substantial” fall in sales was due to...

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